The main measure of inflation is the ________________ computed and reported each month by the Bureau of Labor Statistics
a. Consumer Price Index
b. Product Producer Index
c. Consumer Confidence Survey
d. New Homes Sales Matrix
A
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The recognition that _____ plays a profound role in many developing nations has led to more attention to this factor when choosing an exchange rate regime.
A) poverty B) illiteracy C) currency mismatch due to liability dollarization D) government corruption
Monopolistic competitors have _______ rivals who produce _________ goods and services.
A. no; identical B. many; identical C. many; close substitute D. None of the choices are correct.
Which of the following should not be included when calculating accounting profit?
A. The cost of utilities. B. The cost of taxes. C. The return on the next best alternative investment opportunity. D. The cost of rent.
Refer to the above figure. If the farmer is growing 8,000 bushels of beans and 8,000 bushels of wheat, then we know that
A. the farmer cannot be using the amount of land that was used to construct the curve. B. the farmer is not using resources efficiently. C. the farmer is using more land for wheat than for beans. D. the farmer should increase the amount of wheat grown and reduce the amount of beans.